4 Hour Strategy (MACD) | Page 1544 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

4 hour strategy (the nausbot - 4 hour trader) 25 replies

4 Hour Strategy Macd+other Indicator 21 replies

X-1102 1 hour , 4 hour and daily Tf trades 7 replies

Create a verticle line at certain hour for every certain hour 16 replies

Is the "4 Hour Strategy (MACD)" the best system here at FF? 20 replies

Attachments: 4 Hour Strategy (MACD)
Exit Attachments

4 Hour Strategy (MACD)

  • #30,861
  • Jan 24, 2020 6:16pm Jan 24, 2020 6:16pm
Quoting 40PipsAlan
Ok guys, trading results for the week with 7 trades. Profit of almost 1.5R. big dud on EC so will go look at that again and see why I took that trade. Have a good weekend. Update:- Poor entry on the EC. I figured it was going to reverse at the 89 but it spiked up over the 365 before coming back down. My SL was just near the trend line. {image} {image}
Commenting after what happened I don't think it's cool, but ..
In the D1 chart, the market is lateral, it formed something that looks like a double bottom, but it is not because this pattern only appears at the end of the trend.
With the positive divergence I would think to buy, but it is so lateral that it would not be a reliable purchase until the other side of the consolidation.
I couldn't imagine the trend line in the H4 chart, what I could do was the line in the second figure.
In a projection for purchase the price would go at least until 1618 and after the consolidation between the blue lines, it would go down or go up again.
There was a dirty shadow over there.
But observing the daily chart would not enter that currency.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ghj.png Size: 38 KB
Click to Enlarge Name: Sem ttulo.png Size: 33 KB
Click to Enlarge Name: pro.png Size: 15 KB
  • #30,862
  • Jan 24, 2020 7:15pm Jan 24, 2020 7:15pm
Hey guys, looks to be some very interesting concepts in this thread. I’ll keep reading and going through the material until I get more familiar with it and know exactly what to look for
  • #30,863
  • Jan 24, 2020 7:28pm Jan 24, 2020 7:28pm
Quoting Sorobanista
{quote} Commenting after what happened I don't think it's cool, but .. In the D1 chart, the market is lateral, it formed something that looks like a double bottom, but it is not because this pattern only appears at the end of the trend. With the positive divergence I would think to buy, but it is so lateral that it would not be a reliable purchase until the other side of the consolidation. I couldn't imagine the trend line in the H4 chart, what I could do was the line in the second figure. In a projection for purchase the price would go at least...
What’s the fib indicator that you’re using in the last figure?
  • #30,864
  • Jan 26, 2020 9:54am Jan 26, 2020 9:54am
Ok Guys, EU analysis time. Open to suggestions from the live account experts out there.
Daily trend is down and Price has broken the trendline support at 1.10915. Price currently sitting near big round number 1.1 and will probably find support thereabouts.
We have some red news on the dollar tomorrow afternoon so might see some action then. Looking at the H4 I am trying to apply some of jonnypips wave analysis (correct me if I am wrong please) and we are in wave 5 of the downtrend waiting on a corrective wave any time now. My plan is to wait on a close above the 21 EMA and then probably a retest of the low before I go long with a TP of the 89 or 365.
The other option is that price bounces off the 8 or 21 and keeps heading down
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 164 KB
Click to Enlarge Name: Screenshot3.png Size: 157 KB
  • #30,865
  • Jan 26, 2020 4:21pm Jan 26, 2020 4:21pm
[quote = monty20; 12720650] {quote} Qual é o indicador fib que você está usando na última figura? [/ quote]
The retraction indicator.
  • #30,866
  • Jan 28, 2020 3:26pm Jan 28, 2020 3:26pm
I adopted a very common level that only now I realized is 200%, which is double the 100% is an example of today.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 44 KB
  • #30,867
  • Jan 28, 2020 4:18pm Jan 28, 2020 4:18pm
Quoting 40PipsAlan
Ok Guys, EU analysis time. Open to suggestions from the live account experts out there. Daily trend is down and Price has broken the trendline support at 1.10915. Price currently sitting near big round number 1.1 and will probably find support thereabouts. We have some red news on the dollar tomorrow afternoon so might see some action then. Looking at the H4 I am trying to apply some of jonnypips wave analysis (correct me if I am wrong please) and we are in wave 5 of the downtrend waiting on a corrective wave any time now. My plan is to wait on...
Another way of thinking about the correction of the movement, most of the time in a correction is made at least 50% of the movement, sometimes, I even just a huge shadow making the exact 50% of the movement and continuing, to the other side.
So from the last major leg we get the 50% minimum fibo.
Another indicator that I like is the bands, normally it does not pass the average of 20 simple in a trend, if it will go at most until the other side of the band, note that in the example of the figure the other side is 50%.
Another usefulness of it is to see the volatility or beginning of a trend due to its narrowing and opening of the bands, or the strength of the trend because the price is more outside the bands.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 56 KB
  • #30,868
  • Jan 31, 2020 6:29am Jan 31, 2020 6:29am
Ok Guys, Trading results for the week all trades now closed. All winners and total of nearly 5R profit. Well happy with this.
Someone said on this thread, the more I practice, the luckier I get
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 23 KB
  • #30,869
  • Jan 31, 2020 2:01pm Jan 31, 2020 2:01pm
Just posting some of my lucky trades from this week to see where I can improve things.
EC with price between the 89 and 200 so I was looking to trade from the edges and to the other side. first blue line is entry 1 which went against me and I thought my bad luck was back but I held on to see what would happen and would you believe it came back my way again so I took another long and closed both trades when i got out the other side of the 200 figuring the 365 would hold out. My exits defo need refining but because I don't know PA other than pin bars and engulfing candles I am looking at SR levels, pivot points and fibs for a way out. My TP is usually around 1R:1R but I don't usually get that far. Maybe I should try splitting my trade into 2 and trailing one of them.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 28 KB
  • #30,870
  • Jan 31, 2020 2:12pm Jan 31, 2020 2:12pm
GJ close above the 21 and retest after my entry then went my way for 68 pips and i closed it the other side of the 200 and 89 when it looked like running out of steam.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 27 KB
  • #30,871
  • Jan 31, 2020 2:28pm Jan 31, 2020 2:28pm
EU bit of a hack this one. First blue line is my first entry, I figured a long trade was required after this downtrend along with divergence showing on the macd. But then it decided to go and test the 61 pivot before a retrace. Once the 21 was broken I took another long and closed both when it got near the weekly pivot. And as before it went up past the 89 and into space. I should have anticipated the return to the 89 (market rhythm)
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 26 KB
  • #30,872
  • Edited 1:51pm Feb 2, 2020 1:22pm | Edited 1:51pm
Hello guys, its EU analysis time again. On the Daily chart we have price sitting at the 89 with the 200 not far above it. There is also a downward Trend line and upward Trend line very close by. The macd is approaching zero so we might get a zero bounce or a break thru zero to give us an daily uptrend.
On the H4 we can see this point of consolidation more clearly. Price in between the 89-200 ranging zone with the 365 very close by. My plan is to wait for a sign of price direction as we are in a ranging area with a break above the 200 or a break below the 89. Until then we need to look at other pairs for a trade. There is the option of trading bounces off the 89 or 200 for about 30 pips but no so keen on taking that one. It also looks like we are at the 38.2 fib pullback
Keeping an eye on GU,AJ,GA,AC,AU,EA,EJ,EC for some better action.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 151 KB
Click to Enlarge Name: Screenshot2.png Size: 140 KB
  • #30,873
  • Feb 2, 2020 4:21pm Feb 2, 2020 4:21pm
Quoting 40PipsAlan
EU bit of a hack this one. First blue line is my first entry, I figured a long trade was required after this downtrend along with divergence showing on the macd. But then it decided to go and test the 61 pivot before a retrace. Once the 21 was broken I took another long and closed both when it got near the weekly pivot. And as before it went up past the 89 and into space. I should have anticipated the return to the 89 (market rhythm) {image}
I recommend this indicator for pivot, it has been modified and more than one can be placed on the graph, such as monthly, week and daily together.
The time I think is very important, it is from 9 to 22hs, much better than the 24 for indicated forex.
The levels of 0.764 and 0.236 are equidistant and natural, as are the levels of 0.618 and 0.382.
The level of 0.786 is artificial, you will see that 0.764 is what works precisely.
In addition to David's indicator using the 24 hour clock, it takes the accuracy of the levels.
David's indicator is made by tracing a fibonacci, from the PP up to two levels above and two levels below the PP.
It is a study suggestion I do not use these indicators as in David's technique.
I can't even post anything on his topic, I don't have credentials, it's a very select club. LOL
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aaa.png Size: 50 KB
Click to Enlarge Name: bbb.png Size: 49 KB
Click to Enlarge Name: AUDCADH4.png Size: 57 KB
Attached File(s)
File Type: mq4 AllPivots_v5.2 600a.mq4   78 KB | 180 downloads
  • #30,874
  • Feb 3, 2020 1:00pm Feb 3, 2020 1:00pm
Heres a dud trade EC. Convinced the pair was oversold and due a reversal. Sold after the 8EMA close and nice RT way up there near the 450 level. I should have taken profit at the 21 but was working my job at the time. Tagged the 21 and went back up again. the lesson here is to get to BE before your trade hits the 21.
-50
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 16 KB
  • #30,875
  • Feb 3, 2020 2:09pm Feb 3, 2020 2:09pm
Quoting 40PipsAlan
Ok Guys, Trading results for the week all trades now closed. All winners and total of nearly 5R profit. Well happy with this. Someone said on this thread, the more I practice, the luckier I get {image}
results better and better
wonderful
  • #30,876
  • Feb 3, 2020 2:11pm Feb 3, 2020 2:11pm
Quoting 40PipsAlan
Heres a dud trade EC. Convinced the pair was oversold and due a reversal. Sold after the 8EMA close and nice RT way up there near the 450 level. I should have taken profit at the 21 but was working my job at the time. Tagged the 21 and went back up again. the lesson here is to get to BE before your trade hits the 21. -50 {image}
I wonder it not more safe to go in trend direction then countertrend because impulse leg move more and with momentum
  • #30,877
  • Feb 3, 2020 2:16pm Feb 3, 2020 2:16pm
Quoting forexdg
{quote} I wonder it not more safe to go in trend direction then countertrend because impulse leg move more and with momentum
Yes Forexdg i would agree with you. We just need more patience to wait for the best trades.
  • #30,878
  • Edited 2:13am Feb 4, 2020 2:00am | Edited 2:13am
Happy days twas a Lucky guess
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 146 KB
  • #30,879
  • Feb 4, 2020 4:18am Feb 4, 2020 4:18am
Quoting 40PipsAlan
Happy days twas a Lucky guess {image}
  • #30,880
  • Feb 4, 2020 4:42am Feb 4, 2020 4:42am
Quoting 40PipsAlan
Happy days twas a Lucky guess {image}
this chart has 12 26 1 setting for macd
you change it because you test diferent values?
11 traders viewing now